Nexans S.A. (OTCMKTS:NXPRF) Short Interest Up 625.1% in August

Nexans S.A. (OTCMKTS:NXPRF) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 4,996 shares, an increase of 625.1% from the July 30th total of 689 shares. Based on an average trading volume of 29 shares, the short-interest ratio is currently 172.3 days.

Nexans Stock Performance

OTCMKTS NXPRF opened at $165.00 on Wednesday. The company has a 50-day simple moving average of $160.52 and a two-hundred day simple moving average of $160.53. Nexans has a 12-month low of $136.79 and a 12-month high of $201.32.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. BNP Paribas Exane began coverage on Nexans in a research report on Wednesday, May 6th. They set an “outperform” rating for the company. Barclays reaffirmed an “overweight” rating on shares of Nexans in a report on Friday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Nexans in a research report on Thursday, April 30th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

About Nexans

Nexans is a global leader in the design, manufacturing and distribution of cable and connectivity solutions. The company develops a broad portfolio of copper and optical?fiber cables for power transmission, telecommunications and data networks, as well as specialty cables for transportation, industry and renewable energy applications. Its product range includes low-, medium- and high-voltage power cables, submarine cables for offshore wind and interconnections, building wires, and fiber-optic systems for high-speed communications.

Established in 2000 following a demerger from the cable activities of Alcatel, Nexans traces its origins to more than a century of technological innovation in wire and cable engineering.